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Old 04-26-2018, 10:00 AM
 
2,064 posts, read 4,435,743 times
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Yeah I think the tenant will be fine. Tenant is a co-worker who is on an internship so the internship ends this summer so it's a natural end to the lease.
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Old 04-29-2018, 10:36 AM
 
Location: Portland, Oregon
10,990 posts, read 20,570,522 times
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You should be able to read the minutes of your HOA Board meetings, review the last Reserve Study (which will tell you what major maintenance and repairs are needed and how much they will cost), and the budget. The property management firm may be flakey but again they may be following the direction of your Board. Ask the Board for the date and place of their next meeting. Find the document that states the terms of Board members and Annual Meetings of the home owners.

My core question is what/where do you plan to buy your next home? There is no heaven on earth and even if you buy a single family residence it can be a money pit. If you plan to move to Portland PM me if you intend to buy a condo as I have some knowledge of issues.

My DD's back yard abuts Mountain View, she lives in Los Altos. I have some knowledge of property values in that area. Insane!!!
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Old 05-02-2018, 05:11 PM
 
1 posts, read 799 times
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I would never leave Seattle for here. If you have to come - rent first. Taxes are insane, traffic and the impact from GooglePlex is tbd.
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Old 05-21-2018, 12:12 AM
 
2,064 posts, read 4,435,743 times
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Quote:
Originally Posted by Nell Plotts View Post

My core question is what/where do you plan to buy your next home? There is no heaven on earth and even if you buy a single family residence it can be a money pit. If you plan to move to Portland PM me if you intend to buy a condo as I have some knowledge of issues.
I don't plan to buy another home. This Sunnyvale property is actually the 3rd property that I own and I think it's too many so I just plan to keep the profits and invest it in other things (probably just add it to my savings which is a portfolio of Vanguard funds (I'm a boglehead which is another long post)).

I wrote a few posts above that I ended up moving back to Seattle so I have no need to buy a place in the bay area. I live in my primary residence up here in the Seattle area and don't plan to move. My 2nd place is a townhouse that I rent out in Southern California (I used to live down there and this was a place that my wife and I bought for her parents to live in but they don't live there anymore (long story) so we still own it and just rent it out now - we might sell but as long as the tenant stays in there and keep paying rent, we may as well just keep it).
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Old 05-21-2018, 11:34 AM
 
Location: Silicon Valley, CA
13,561 posts, read 10,359,245 times
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Quote:
Originally Posted by RVD90277 View Post
I don't plan to buy another home. This Sunnyvale property is actually the 3rd property that I own and I think it's too many so I just plan to keep the profits and invest it in other things (probably just add it to my savings which is a portfolio of Vanguard funds (I'm a boglehead which is another long post)).

I wrote a few posts above that I ended up moving back to Seattle so I have no need to buy a place in the bay area. I live in my primary residence up here in the Seattle area and don't plan to move. My 2nd place is a townhouse that I rent out in Southern California (I used to live down there and this was a place that my wife and I bought for her parents to live in but they don't live there anymore (long story) so we still own it and just rent it out now - we might sell but as long as the tenant stays in there and keep paying rent, we may as well just keep it).
Well you're in a pretty good position from an asset and financial standpoint - you have options, good for you! You'll have to consider tax liability, of course, if you sell at a nice profit.
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